EMI Calculator
Calculate loan EMI, total interest, and plan your repayments
Loan Details
Quick Presets
Payment Breakdown
Insights
Amortization Schedule
| Month | EMI | Principal | Interest | Balance | |||||
|---|---|---|---|---|---|---|---|---|---|
Yearly Payment Breakdown
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
Calculate Prepayment Impact
Your Savings
Before vs After Prepayment
| Without Prepayment | With Prepayment | |
|---|---|---|
| Total Interest | ||
| Total Payment | ||
| Loan Tenure |
Compare Loan Offers
Comparison Results
| Loan | EMI | Interest | Total Cost | Verdict |
|---|---|---|---|---|
| Lowest EMI Best Value |
How EMI is Calculated
EMI Formula
- P = Principal loan amount
- R = Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
- N = Total number of monthly payments
Tips for Lower EMI
- Compare rates across multiple banks
- Consider longer tenure for lower EMI (but higher interest)
- Make prepayments to reduce interest burden
- Check for processing fee waivers during offers
💡 Pro Tip
Pro Tip: Use the amortization schedule to plan prepayments. Paying extra in the early years of a loan reduces interest significantly because more of each EMI goes toward interest in the beginning.
About EMI Calculator
The calculator uses the standard EMI formula: EMI = [P x R x (1+R)^N] / [(1+R)^N-1] where P is principal, R is monthly interest rate, and N is tenure in months. View the complete amortization schedule showing principal and interest breakup for each month.
Compare different loan scenarios by adjusting the parameters. See how prepayments can reduce your total interest and loan tenure. Essential for financial planning before taking any loan.
Key Features
Easy to Use
Simple and intuitive interface
Instant Results
Get results immediately
Privacy Focused
Your data stays secure
Mobile Friendly
Works on all devices
100% Free
No payment required
Unlimited Usage
Use as many times as needed
How to Use EMI Calculator
- Input Data: Enter or upload your data
- Configure: Set your preferred options
- Process: Click process to get results
- Download: Download or copy your results
Common Use Cases
Education
Perfect for students and researchers
Quick Tasks
Fast solutions for everyday needs
Personal Projects
Use for personal tasks and projects
Professional Work
Ideal for business and professional use
Frequently Asked Questions
Is EMI Calculator free to use?
Yes! Our EMI Calculator is completely free with no hidden fees or registration required.
Do I need to create an account?
No account needed. Start using the tool immediately without any signup process.
Is my data safe?
Yes, all processing happens in your browser. Your data never leaves your device.
Can I use this on mobile?
Yes, EMI Calculator works perfectly on smartphones, tablets, and desktop computers.
Are there any limitations?
No strict limitations. You can use the tool as many times as you need.
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